Friday, August 19, 2016
Just an update with July data on my running tally of how the mining industry is doing across central Pennsylvania. See previous posts for more discussion of the metric. But I think I am calling this one and by my count, Central Pennsylvania has now given back all of the employment gains in mining that came after the expansion of unconventional gas (i.e. fracking) came to the state. If the data says 98%... well, this is July data so I am sure before August began a few weeks ago we crossed my arbitrary Rubicon by setting the baseline as the 2005 average. But again, the question is how negative this trend will go given the slope is pretty dire right now.